The IPO of Shanti Gold International continues to shine in the primary market as it witnessed a subscription of nearly three times on the second day of bidding. The strong investor interest was primarily driven by retail investors and non-institutional investors (NIIs).
Retail and NII Categories Lead the Way
Retail investors showed significant enthusiasm, further boosting the subscription numbers. The non-institutional investor (NII) segment also contributed heavily, indicating confidence in the company’s future potential and valuation.
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Key Dates: Allotment & Listing
According to the IPO schedule, Shanti Gold IPO allotment is expected to be finalized by July 30, giving investors clarity on their allocations. Following that, the shares are expected to list on the stock exchanges on August 1, marking a crucial milestone for the company and its stakeholders.
Latest GMP Indicates Positive Sentiment
While the Grey Market Premium (GMP) may vary closer to the listing, early trends suggest that investor sentiment remains upbeat, thanks to the company’s brand presence and favorable pricing.
